Solving The Climate Dilemma: The Budget Approach

Cover......Page 1
Members of the German Advisory Council on Global Change (WBGU)......Page 2
Title Page......Page 3
Copyright......Page 4
Council Staff and Acknowledgements......Page 5
Contents......Page 7
TablesTable......Page 8
Figures......Page 9
Boxes......Page 10
Summary for policy-makers......Page 11
1 Introduction......Page 17
2.1 Climate change due to greenhouse gases......Page 19
2.2 Climate impacts on nature......Page 21
2.3 Climate impacts on societies......Page 22
2.4 The 2 °C guard rail......Page 23
3 The need for action: Scale and urgency......Page 25
4 The Gordian Knot of climate policy......Page 27
5 The WBGU budget approach: Principles, leeway and milestones......Page 31
5.1 Ethical bases of international climate policy......Page 32
5.2.2 Calculating national emissions budgets......Page 33
5.3 Two policy options for implementing the budget approach......Page 34
5.3.1 Option I: ‘Historical responsibility’......Page 35
5.4 The institutional architecture: A world climate bank and advanced flexible instruments......Page 44
5.5 Financial transfers under the budget approach......Page 45
5.5.1 Financial transfers for climate change mitigation: Emissions trading......Page 46
5.5.2 Financial transfers for adaptation and forest conservation: Funds with mandatory contributions......Page 47
5.6 Ten arguments for the budget approach......Page 48
5.7 Options to accelerate climate protection and extend the budget approach......Page 49
6.1 Accelerating technological change......Page 51
6.2 International revolution in cooperation......Page 54
6.3 Global governance and local action: An alliance of change agents......Page 56
7 Epilogue......Page 59
8 References......Page 61